Resident Indians
1.Purchase
Loan Amount :Min.Rs.1,00,000/-
Loan to Property cost :
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above 20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan upabove 75 Lacs .
Loan Term :
- Maximum term - For Salaried - 20 years(May be enhanced to 25 Yrs in special cases),
- For self employed 20 Years
Repayment Mode :Equated Monthly Installments (EMI)- Monthly Rest Basis
Rate of Interest :Contact us for details on the Prevailing Interest Rates
Upfront fees :As applicable from time to time
II. Construction
Loan Amount :Min.Rs.1,00,000/-
Loan to Property cost :
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs
Loan Term :
- Maximum term - For Salaried - 30 years,
- For self employed 20 Years
Repayment Mode :Equated Monthly Installments (EMI) - Monthly Rest Basis
Rate of Interest :Contact us for details on the Prevailing Interest Rates
Upfront fees :As applicable from time to time
III. Extension Loan
Amount :Min.Rs.1,00,000/-
Loan to Property cost :
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs
Loan Term :
- Maximum term - For Salaried - 20 years(Upto 25 Years in special cases),
- For self employed 20 Years
Repayment Mode :Equated Monthly Installments (EMI) - Monthly Rest Basis
Rate of Interest :Contact us for details on the Prevailing Interest Rates
Upfront fees :As applicable from time to time
Non Resident Indians (NRI)
I. Purchase
This scheme is available only for Salaried persons having NRI/PIO status.
Loan Amount :Min.Rs.1,00,000/-
Loan to Property cost :
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan upabove 75 Lacs.
Loan Term :
- Maximum term - For Persons with Professional Qualification - 15 years,
- For Non Professsional(Others) 10Years
Repayment Mode :Equated Monthly Installments (EMI)- Monthly Rest Basis
Rate of Interest :Contact us for details on the Prevailing Interest Rates
Upfront fees :As applicable from time to time
II. Construction
This scheme is available only for Salaried persons having NRI/ PIO status.
Loan Amount :Min.Rs.1,00,000/-
Loan to Property cost:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs
Loan Term :
- Maximum term - For Persons with Professional Qualification - 15 years,
- For Others 10Years
Repayment Mode :Equated Monthly Installments (EMI) - Monthly Rest Basis
Rate of Interest :Contact us for details on the Prevailing Interest Rates
Upfront fees :As applicable from time to time
III. Extension
This scheme is available only for Salaried persons having NRI/PIO status.
Loan Amount :Min.Rs.1,00,000/-
Loan to Property cost:
85% of total cost of the property including Stamp Duty & Registration Charges for loan up to 20 Lacs 80% of total cost of the property including Stamp Duty & Registration Charges for loan above20 Lacs and up to 75 Lacs 75% of total cost of the property including Stamp Duty & Registration Charges for loan above 75 Lacs
Loan Term:
- For Persons with Professional Qualification - 15 years
- For Others 10Years
Repayment Mode :Equated Monthly Installments (EMI) - Monthly Rest Basis
Rate of Interest :Contact us for details on the Prevailing Interest Rates
Upfront fees :As applicable from time to time
Pensioners
Before Retirement
Purposes:
Loans under the scheme may be availed for purchase, construction, extension of House / Flat
Eligibility:
Persons whose age is 50 or more and having a pension scheme after retirement may apply for loan under this scheme.
Terms & Conditions:
An undertaking letter that the entire loan oratleast 30 % or an amount as decided by the Area Office will be repaid out of the retirement benefits is required. The balance is to be repaid from the Pension Income. The amount of Principal to be repaid at the time of retirement will depend on the Pension amount the applicant is eligible after retirement.
Loan Term:
The term of the loan will be up to 15 years or 70 years of age whichever is earlier.
After Retirement
Purposes :
Loans under the scheme may be availed for purchase, construction, extension of House / Flat.
Eligibility :
Pensioners having a stable income throughout their life from pension may apply for loan under this scheme.
Terms & Conditions :
1) Commutation of Pension or any portion thereof is not allowed under this scheme.
2) A Guarantor acceptable to the Company is required.
Repayment Mode :The loan is to be repaid before the applicant attains the age of 70 years.